TOKYO : Japan's government and central bank will act to stop the yen's decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said.Market participants closely watch how the government and the Bank of Japan (BOJ) respond to currency moves, following their
TOKYO : Japan's government and central bank will act to stop the yen's decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said.
Fifteen of 28 economists said the government and the BOJ will take steps such as issuing a warning or intervening into the currency market once the yen weakens beyond 145 per greenback, the June 8-13 poll found. Another 12 said 150 yen is the trigger. In a separate question on the weak yen's impact on BOJ policy, nine economists said the central bank's decisions could be swayed by a yen depreciation beyond 145 per dollar. Ten said 150 is the threshold, three opted for 155 and two chose 160 or further.
In the poll, all but one - JP Morgan - out of 28 economists corroborated the view, citing an improved bond market functionality and Governor Kazuo Ueda's accommodative remarks so far.
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